I would defiantly assume both users and some Valve staff use the same
passwords for multiple sites, I have no doubt some Valve staff have probably
had accounts at other sites compromised and maybe even their internal
network.

 

I think the main issue really should be that Valve has not notified users
they need to change their passwords for both Steam and other sites by now.
Disclosing a security breach of any customer data is mandatory by law in
Australia, US, other countries and (even though some are stupid enough to
use the same password for every site) Valve can be held liable by law for
not notifying users the second they become aware of the breach.

 

Fun facts and a hard to answer question persist:

If the passwords on the forum DB where not well encrypted then hackers would
have both the users email address and their email password.

Hackers can send a username reminder from Steam and then a password reset.

Now if the hackers have both your Steam username and are able to reset your
password then is Steam Guard just useless account protection?

Why has Valve possibly broken the law and not posted a minor update to
inform users their passwords and other data may have been compromised?

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